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Ukrainian president imposes three-year extension of sanctions on two Russian banks

The sanctions are imposed on a Ukrainian subsidiary of Russia’s biggest lender Sberbank and on Prominvestbank, a subsidiary of Russia’s state development corporation VEB.RF

KIEV, March 19. /TASS/. Ukrainian President Vladimir Zelensky has slapped a three-year extension on sanctions against two Russian banks, according to a presidential directive published on Friday.

The decree orders to "put into practice the National Security and Defense Council ruling dated March 11, 2021, and headlined 'On the use of individual special economic and other restrictive measures'."

An annex to the directive says the restrictions are being levied against a Ukrainian subsidiary of Russia’s biggest lender Sberbank and against Prominvestbank, a subsidiary of Russia’s state development corporation VEB.RF, which was earlier sold by the government of Ukraine.